THERE has been a shake-up at the top of Edinburgh-based Royal Bank of Scotland's Chinese business after Sherry Liu, its China chairwoman and chief executive, resigned to pursue "outside interests".

Ms Liu, a former JPMorgan banker who took up the post just over a year ago, will remain with RBS as an adviser.

The move means that Alex Chu, who is head of international banking for north Asia at RBS, will chair the board of RBS China.

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